In 2019, Insomniac only released two games: Stormland for Oculus VR and Strangelets for the Magic Leap One. Magic Leap One is an augmented reality virtual retinal display. The cost of development and revenue earned from these games was not disclosed.

However, while there may be some doubts about the profitability of the studio's niche VR titles, Insomniac Games is also the original developer for powerhouse franchises for Sony's PlayStation. These include Spyro the Dragon, Ratchet & Clank, and Resistance.

Insomniac also developed the acclaimed Marvel's Spider-Man for PlayStation 4, and Sunset Overdrive for Windows and Xbox One.

Most expensive game studio acquisitions of all time

It is in grand company. There are only five studios in the list below that make console and PC games (six, if you count PopCap). The rest are mostly mobile developers, with a handful of platform companies.

Rank

Buyer

Seller

Year

Deal Value (USD)

1

Tencent

Supercell

2016

$8.6 billlion

2

Activision Blizzard

King

2015

$5.9 billion

3

Microsoft

Mojang

2014

$2.5 billion

4

Facebook

Oculus VR

2014

$2 billion

5

Zhongji Holding

DianDian Interactive

2014

$960 million

6

Churchill Downs Incorporated

Big Fish Games

2014

$885 million

7

Electronic Arts

BioWare and Pandemic Studios

2007

$775 million

8

Electronic Arts

PopCap Games

2011

$750 million

9

Electronic Arts

Jamdat Mobile

2005

$680 million

10

Disney

Playdom

2010

$563 million

11

Zynga

NaturalMotion

2014

$527 million

12

Nexon

Gloops

2012

$486 million

13

DeNA

ngmoco

2010

$400 million

14

Electronic Arts

Playfish

2009

$400 million

15

Tencent

Riot Games

2011

$400 million

16

Sony Computer Entertainment

Gaikai

2012

$380 million

17

Microsoft

Rare

2002

$375 million

18

Sony Interactive Entertainment

Insomniac Games

2019

$229,000,000

The question is, will it be worth the price Sony paid?

Simply put, Insomniac makes good games that sell well, while experimenting on the bleeding edge with VR and augmented reality.

It also brings the clout of its name to the table. It is associated with some of PlayStation's most beloved franchises, even if it does not own the intellectual property rights to Spyro the Dragon and Ratchet & Clank.